Not only is Japan getting itself together but the Swiss National Bank said it was Still prepared to intervene in the currency market due to High valued Swiss Francs
Reasons to go short - Overall trend is bearish Pulling back into a strong SR level (thin blue line) Last time it was at this level there was a strong sell off, the price is now coming back to test this area (yellow box) for the first time Yellow box is also a combination of fib levels from previous highs Good risk to reward
Entry: Wait to the price confirme in the Sell Zone (confirme the break out). TP1: 113.3576 TP2: 112;7113
Good morning traders, A bullish Ichimoku setup on 4HR , with SL below 113.9 If you agree, please thumbs up You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a...
First swing played out nicely. Let's see if we can pull it of once more... Waiting for a short entry setup. SL 85.62 and TP 77.90 The small bearish rejection candle on H4 is not enough.
Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...
long based on potential bearish gartley and bearish alt bat completion
The yen has severely weakened during the Asian session as the Nikkei tries to play catch up with the large, volumeless pullback continuation in SPX. Intraday technicals are indicating that the pair is at a tipping point. A break of the minor downward trend line would signal further continuation, potentially to 125.10 (pending clearance from the 72-4H...
The pair has broken out of the downtrend and I am expecting it to reach the weekly corrective structure top, from here there is good chance we will break above and gives us a huge trade to the upside once again.
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold). With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...